Spot rubber stays steady

Physical rubber prices finished almost steady on Friday. The market activities were at a low key following another weak closing on the National Multi Commodity Exchange. The trend was partially mixed, as ISNR 20 improved on comparatively better demand.

Sheet rubber continued to rule unchanged at Rs 176 a kg, according to traders. The grade increased marginally to Rs 176.50 (176) a kg at Kottayam and Kochi, as quoted by the Rubber Board.

November contracts weakened to Rs 176.95 (Rs 177.69), December Rs 178.45 (Rs 178.86), January Rs 180.30 (Rs 181.03) and February Rs 181.30 (Rs 182.72), while the March and April futures remained inactive on the NMCE.

RSS 3 (spot) declined to Rs 163.64 (Rs 165.23) at Bangkok. The Nov futures dropped to ¥245 (Rs 164) from ¥247 a kg during the day session on the Tokyo Commodity Exchange.

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